It's True! You Can Afford to Move to Belize, and Here's Where!

It’s True! You Can Afford to Move to Belize, and Here’s Where!

move to belize

Ever heard of Corozal, Belize? You should if you’ve harbored fantasies about retiring to a carefree, affordable community that’s loaded with charm, ex-pats, attractions and even tax breaks. But here’s the best reason to think about Corozal; real estate prices are affordable—especially when compared to more populated areas, like Ambergris Caye. If you’re eager to move but money remains the gorilla in your living room, the seven points stated in this article could convince you that retiring in Belize isn’t just possible, but doable–even on a budget!

1. Corozal is a warm, welcoming community that edges a Caribbean Sea bay, and because recreational opportunities offered in this area are so vast, you’re not going to have to spend a fortune to take up activities that suit your fancy. Got a fishing rod? A bathing suit? A great pair of walking shoes? Imagine the possibilities.

2. Corozal is becoming a Mecca for North Americans. Newcomers find themselves in the company of neighbors who are as concerned about maintaining an affordable budget befitting their retirement benefits as will you. Why have so many ex-pats chosen this area? Because they get all the benefits of Caribbean living, including idyllic year-round weather and a casual, laid-back lifestyle.

3. Corozal is filled with entertainments that don’t cost a cent. There’s a library, churches and beautiful Central Park where folks meet to chat around the square’s splashing water fountain. Everything is a 10 minute walk away, so petrol stops won’t stress your budget. Only a few attractions have modest entry fees, so residents can visit sites like the Santa Rita Maya Ruin, Crocodile Farm, Manatee Reserve, Butterfly Breeding Center, Shipstern Nature Reserve and Gabriel Hoare Market whenever they like.

4. Corozal was rated a top destination for retirees by the American Association of Retired People (AARP) a few years back, and this endorsement alone attests to the huge influx of North American retirees eager to live life at a slow pace while not exhausting their financial safety nets at the start of their retirement years. Finances aside, Belize’s beauty wins hearts and minds; one ex-pat moved here because the bay reminds him of Santa Monica, minus the high real estate taxes!

5. Corozal is home to one of Belize’s most talked-about communities: Orchid Bay, where life in the luxury lane is surprisingly affordable. This master-planned, gated community looks like an exclusive compound for the wealthy, but it’s populated by retirees on modest budgets. Orchid Bay ex-pats rave about the small-town vibe, lush landscaping and state-of-the-art infrastructure they didn’t expect to find in the Caribbean. When asked why they bought at Orchid Bay, budget-conscious retirees agreed that living in a financially stable community where infrastructure is both a priority and a long term investment, they never feel they’re risking their hard-earned retirement funds.

6. Corozal offers the best of all worlds including affordability. Eating out can fit a retiree’s budget at $20 (this includes a drink) and a first-run movie runs about $5, so you don’t have to keep attending matinees just to save a few bucks. Couples with a combined income of $2,000 a month say they could never afford to maintain their Corozal lifestyle back home. Now, they spend around $200 a month for groceries, $23 for basic cable service and their utility bills average $50 for electric and about $20 for water.

7. Corozal property valuations are steadily increasing, but what prospective buyers find most compelling about a community like Orchid Bay is the fact that the pre-construction pricing on new waterway villas average $200k, luxury beachfront condos are priced in the $300s and vacant land can cost a modest $69k. Visit the development’s website if you’re intrigued and want to know more:

Get a copy of The Ultimate Belize Bucket List! Written by Larry Waight, a local with more than twenty years of experience in the travel industry, the book is packed with tips, information, and recommendations about all of the best things to see and do in Belize.
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